SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 86,218 shares of the exchange traded fund’s stock after buying an additional 922 shares during the quarter. SPDR Gold Shares makes up about 1.9% of United Asset Strategies Inc.’s holdings, making the stock its 11th biggest holding. United Asset Strategies Inc.’s holdings in SPDR Gold Shares were worth $20,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Romano Brothers AND Company raised its position in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the period. Delta Financial Group Inc. raised its holdings in shares of SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the period. Magnus Financial Group LLC raised its holdings in shares of SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the period. Spinnaker Trust lifted its stake in shares of SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. grew its holdings in shares of SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $255.65 on Monday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The firm has a 50 day moving average price of $245.31 and a 200 day moving average price of $239.58.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).